# Bitcoin jumps 5% to $64K then steadies near $62.5K after Trump’s Iran

**Published:** 2026-06-11T20:56:47.815Z  
**Topic:** Live updates: Bitcoin tops $63,000 as Trump teases yet another peace deal with Iran  
**Sentiment:** neutral  
**Publisher:** TrendWatcher — https://www.trendwatcher.in/article/a4e0169d-7c1d-4781-ab09-efe479005646

Bitcoin surged to $64,000 on June 8 following President Trump's claim that Netanyahu must accept a US‑brokered Iran deal, then settled around $62,500.

Bitcoin rose about 5% to roughly $64,000 on June 8 after President Donald Trump told Israeli Prime Minister Benjamin Netanyahu he would have “no choice” but to accept a U.S.–brokered deal with Iran, before easing back to near $62,500 as traders weighed the news [1].  

**Key takeaways**  
- Trump’s June 8 statement linked U.S. diplomatic control over Iran to Netanyahu’s options [1].  
- The price spike lifted Bitcoin from around $61,000 to $64,000, a 5% gain [1].  
- After the initial rally, Bitcoin settled near $62,500, indicating cautious optimism [1].  
- The rally reflects a pattern where reduced geopolitical risk boosts risk‑on assets like Bitcoin [1].  
- Market observers note that any actual Iran‑Israel de‑escalation could influence oil prices and broader risk appetite [1].  

## Trump’s Iran deal comment and the Bitcoin reaction  
President Trump asserted on June 8 that the United States, not Israel, controls the diplomatic playbook with Iran, telling Netanyahu directly not to retaliate against Tehran [1]. The remarks came after Iran launched missile strikes against Israel and followed weeks of active negotiations that began at least in May 2026. Trump had earlier rejected an Iranian proposal that month, citing domestic political considerations [1].  

In the minutes after the comment, Bitcoin’s price surged from about $61,000 to $64,000, a roughly 5% jump, before pulling back to around $62,500 as traders digested the potential for a less volatile Middle East [1]. The movement mirrors previous instances where easing geopolitical tension lifts risk‑on assets, though the pullback suggests market participants remain wary until a concrete deal materializes [1].  

## Why it matters  
The episode underscores how quickly cryptocurrency markets can react to geopolitical cues. If a U.S.–Iran agreement reduces the risk of oil supply disruptions, lower oil prices could temper inflation expectations, affect central‑bank policy, and improve risk appetite across financial markets, potentially supporting higher crypto prices [1]. However, the sources note that the deal could unravel at any stage, and Bitcoin’s rally could reverse just as swiftly [1]. Investors are therefore watching both diplomatic developments and subsequent energy‑market reactions to gauge the durability of the crypto price gains.

## Sources
1. Crypto Briefing — [Trump says Netanyahu will have no choice but to accept Iran deal, Bitcoin jumps 5%](https://cryptobriefing.com/trump-netanyahu-iran-deal-bitcoin-rally-2/)
2. News — [Bitcoin Surges 5% to $64K, Settles Near $62.5K as Trump Says Netanyahu Must Accept Iran Deal](https://news.bitcoin.com/bitcoin-surges-64k-trump-netanyahu-iran-deal/)

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Cite as: TrendWatcher, "Bitcoin jumps 5% to $64K then steadies near $62.5K after Trump’s Iran", https://www.trendwatcher.in/article/a4e0169d-7c1d-4781-ab09-efe479005646